Lets say, you are my client and I am managing your portfolio. I am buying and selling shares in your account thru a broker or a brokerage firm. You pay for brokerage comissions, but earnings to the broker are being influenced by me. It is me who is giving business to the broker and not you. So, as a token of appreciation, that broker may give me some benefits. These benefits are referred to as 'Soft Dollars'.
CFAI standards say that, any 'Soft Dollar' benefits I get from the broker, should be used in such a way as to benefit you (my client). Meaning I cannot pocket those soft dollars for my own personal benefits.
Non Compete Agreement: As an employee, you cannot act in anyways so as to compete with your Employer. For example, I am your employee and in my part time I am soliciting clients for your competetor for a commission.
发表于 2011-7-13 17:09
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